LAHORE: The Federal Board of Revenue (FBR) Regional Tax Office-II (RTO-II) has imposed Rs 27 million as tax on SMEC International Private Limited after making an audit of its record.
It is pertinent to mention here that the SMEC International was selected by the FBR for audit and the case was referred to RTO-II. The RTO-II chief commissioner assigned the case to zone-IX for investigation.
According to the details, the department concerned conducted an audit of the company and found discrepancies in its record of the year 2010. During investigation, the officials revealed that the company was involved in tax evasion of Rs 27 million. The RTO-II has referred the case to an inspector for the recovery of Rs 27 million.
Audit has been conducted under Section 22(5a) of the income tax in which National Tax Number 2919382-7 found involve in tax theft.
